| Assumptions about the economic impact of the much-discussed trade war could change at any time. Investors have taken on a gloomy mood over the last few days as the deadline approaches for the U.S. and China to raise reciprocal tariffs. If tariffs are increased, the recent decline in risk assets could intensify. In contrast, U.S. Treasuries have climbed, with yields generally falling over the last few days as investors move to safe-haven assets. The 10-year Treasury yield has come in 5 basis points for the week and is now sitting at 2.45%. In any event, the next few days are sure to be interesting, but will it be more of the same? |
